LRB-3324/2
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1995 - 1996 LEGISLATURE
July 24, 1995 - Introduced by Representatives Ourada, Seratti, Handrick, Linton,
Ott and Hasenohrl, cosponsored by Senators Drzewiecki, Breske and
Schultz. Referred to Committee on Insurance, Securities and Corporate
Policy.
AB492,1,2
1An Act to create 626.34 of the statutes;
relating to: a worker's compensation
2loss management incentive pilot program.
Analysis by the Legislative Reference Bureau
The worker's compensation bureau, which is made up of insurers that write
worker's compensation insurance, classifies employment activities by compensation
risk for the purpose of establishing worker's compensation insurance premium rates
and establishes the rates. This bill requires the worker's compensation bureau to
develop and implement a loss management incentive pilot program that would apply
to employment activities in at least 2 classifications for which the worker's
compensation insurance premium rates equal 10% or more of payroll, including the
classifications to which such employment activities as logging, lumbering and tree
pruning are assigned. The program must provide for a worker's compensation
premium rebate of not less than 5% at the end of a policy term for an employer that
participates in the program.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB492, s. 1
3Section
1. 626.34 of the statutes is created to read:
AB492,2,5
4626.34 Loss management incentive pilot program. The bureau shall
5develop and implement a loss management incentive program for the compensation
6risks in at least 2 classifications for which the approved rates under this chapter
7equal 10% or more of payroll, including the classifications to which logging,
1lumbering, tree pruning or other arboreal activities are assigned under s. 626.32 (2).
2Notwithstanding s. 626.25 (2), the program shall provide for a premium rebate of not
3less than 5% at the end of a policy term for an employer that participates in the
4program. The program is subject to the rate filing and approval requirements under
5this chapter. This section does not apply after June 30, 2000.
